May 03, 2019 Guest(s): Doug Groh Portfolio Manager, Tocqueville Low gold prices could present an opportunity for investors, said Doug Groh, portfolio manager at Tocqueville. "It looks like there's some real fundamental interest from central banks, from investors around the world that are looking at the equities markets and saying 'hey, record highs in equities markets and record lows in the gold...Read More
The announcement came issuing at 2 p.m. EST.As roundly expected... Jerome Powell and his fellows sat idly upon their hands.The fed funds rate remains chained in place, at 2.50%.Mr. Powell, by way of explanation:We think our policy stance is appropriate at the moment and we don't see a strong case for moving in either direction. We say in our statement of longer-run goals and monetary policy strate...Read More
Sector expert Michael Ballanger reviews recent movements in precious metals and discusses how he is playing the market. Last week I sent out my uber-bullish call on the metals and miners at the conclusion of a period fraught with doom and despair for all things gold and silver. The criminality of the interventionists was in full bloom as they bombed gold down through that critical "Line in the San...Read More
Platinum, after making what appears to be a wash-out low in August 2018, now looks poised to be a precious metal leader, writes fund manager John Newell at Fieldhouse Capital Management. What is Platinum: Platinum is a precious transition metal that has the chemical symbol Pt and an atomic number of 78 on the periodic table. Platinum is grayish white in color and is often mistaken for silver. Plat...Read More
As we know, Gold and the US Dollar have an inverse relationship. Gold is priced in US Dollars and the drivers of each are similar (from an inverse point of view). Over long-term periods both trend in the same direction but the magnitude of the moves can vary and be quite different. The standard inverse relationship has not been a perfect one in recent months or years. In the chart below we plot Go...Read More
The silver market appears to be setting up for a big move. After spending this spring stair-stepping lower in a narrowingrange, silver prices have formed a falling wedge pattern. That pattern usuallyresolves in a powerful directional breakout. The good news for bulls is thatfalling wedges usually break out to the upside. Commercial hedgers and bullion banks (i.e., “smart money&rdqu...Read More
By: Jordan Roy-Byrne CMT, MFTAAs we know, Gold and the US Dollar have an inverse relationship. Gold is priced in US Dollars and the drivers of each are similar (from an inverse point of view). Over long-term periods both trend in the same direction but the magnitude of the moves can vary and be quite different. The standard inverse relationship has not been a perfect one in recent months or yea...Read More
- Stewart Thomson, Graceland Updates 1. Gold stocks tend to become extraordinarily volatile during weeks that feature multiple key fear trade events.2. As the month of May begins, gold stocks are faced with a FOMC meeting and the US jobs report.3. Please click here now. Double-click to enlarge this daily gold chart. 4. Gold itself is quite stable ahead of these key eve...Read More
By: Ira EpsteinGold near resistance area, back to neutral:Read More
"Investors" could be pardoned for wondering why IPO underwriters for Lyft and Uber have used accounting trickery that smells worse than ten-day-old fish in order to promote the deals. Is bogus too strong a word? Judge for yourself. In their prospectuses, neither firm subtracted promotional incentives and refunds from sales totals, as is customary. This allowed them to grossly overstate revenues...Read More
Alphabet weighed heavy on the tech sector todayU.S. stocks closed mostly higher in today's trading, with the Dow gaining on post-earnings lifts from big-cap pharma firms Pfizer (PFE) and Merck (MRK). The S&P 500 also managed a win, settling at a new record close. On the flip side, tech stocks sank as Alphabet (GOOGL) led the Nasdaq lower on the Google parent's disappointing first-quarter revenue r...Read More
The equity has the highest average returns of any stock for the month of MayVideo game concern Electronic Arts Inc. (NASDAQ:EA)is looking at a roughly 7% loss for April, which would mark its worst month since November. However, EA stock just showed up on the list of best stocks to own in May, according to Schaeffer's Senior Quantitative Analyst Rocky White. Not only that, EA tops the list with an...Read More
The brokerage firm called the company the "5G Analog asset of choice"RBC initiated coverage on Analog Devices, Inc. (NASDAQ:ADI) with an "outperform" rating and $140 price target, a 22.9% premium to last night's close. The analyst in coverage called the semiconductor name the "5G Analog asset of choice," and expects its communications segment to outperform through next year. In reaction, ADI stock...Read More
ACB calls have been favored latelyWhen we checked in with Aurora Cannabis Inc (NYSE:ACB) last week, the weed stock was enjoying some bullish analyst attention. While there haven't been any new bull notes to come through, ACB's options pits have seen some interesting activity today. Specifically, more than 52,000 ACB options have changed hands today -- nearly doublethe average intraday amount. Lea...Read More
Haywood Securities has initiated coverage of Minera Alamos (TSXV: MAI) with a buy rating and 12-month target price of C$0.40 per share-a 281% return from the junior's current share price of C$0.11."Minera Alamos holds two development projects in its project portfolio that can be quickly ramped up to production, with the potential to produce ~ 100,000 ounces of gold over the next few years," mining...Read More
Vancouver-based Rockridge Resources reports drilling high-grade, near-surface copper mineralization at the Knife Lake property 50 km northwest of Sandy Bay. Rockridge has an option with Eagle Plains Resources to acquire 100% interest in the historic property.Drill hole KF19001 intersected net textured to fracture controlled sulphide mineralization between 7.5 to 40.6 metres, returning 33.1 metres...Read More
Toronto-based Anaconda Mining is conducting an infill drilling program at its Argyle gold deposit located about 4.5 km from its Pine Cove mill and tailings facility at the Point Rousse project. Chief executive Kevin Bullock noted in a release that the grade and thickness continuity has been confirmed near the surface.Highlights from the eastern part of the Argyle infill program:Hole AE-19-122: 76...Read More
Gold futures finished higher on Tuesday on the back of a retreat in the U.S. dollar, but the metal still suffered a decline for a third month in a row. Gold also gained with some benchmark stock indexes trading lower on Wall Street as futures prices for the metal settled. Investors awaited the Federal Reserve's policy statement due Wednesday. A private gauge of China factory activity weakened in A...Read More
GTHX stock is headed for its best day on recordThe U.S. stock market is dragging today on a rare revenue miss from Google parent Alphabet (GOOGL). Among other names making notable moves are former Dow component General Electric Company (NYSE:GE), clinical-stage biotech G1 Therapeutics Inc (NASDAQ:GTHX), and generic drugmaker Mallinckrodt PLC (NYSE:MNK). Here's a quick look at what's moving the sha...Read More
Volatility expectations are high ahead of QCOM earnings Qualcomm, Inc. (NASDAQ:QCOM) continues to trade near multi-year highs after being released from the grip of its long-time court battle with Apple (AAPL). QCOM stock was last seen trading at $87.06 with earnings due out after the close tomorrow, Wednesday, May 1, and there's notable call activity taking place in the options pits. Calls are out...Read More